BBC : Reading FC owner’s asking price for…

Reading club owner Dai Yongge’s high price tag has discouraged potential buyers..
The club’s financial situation was dire, with non-payment to HMRC, embargoes and problems with player wages leading to deductions and anger from supporters..
Dai asked for a large amount of money probably because he invested a lot in the club, but should sell for a small amount because he is the one who caused this mess..

According to BBC journalist Aaron Paul speaking on the 72+ podcast, a non-UK consortium approached Reading owner Dai Yongge but were stymied by the price offered for the League One team..

The Royals are now in a dangerous position, having once again failed to pay HMRC in full and/or on time..
They were banned for similar violations during the summer transfer window, non-payment of loan wages was also an issue at the time..
Additionally, the club failed to pay its players on time and in full three times last season, leading to a one-point deduction for the Berkshire team at the start of this season..
Three additional points were deducted last month after Dai failed to deposit 125% of the club’s planned monthly wage bill into a designated club account, which only added to the anger.. Anger from fans of the Berkshire club..
With little money now, the problem is the opposite in his early tenure at Select Car Leasing Stadium..
Why did Dai Yongge demand huge amounts of money for the club??

I reported that owner Dai wants to secure between £70 and £80 million for the club – a huge sum that leaves the Berkshire side currently in League One..
In reality, they are not worth that much and the price offered by the Chinese businessman will have to be reduced to give the club the best chance of being sold..
However, there is one main reason why he has such high expectations, and that is because he has pumped a huge amount of money into the third-tier team since arriving at the SCL stadium..
Breaking the club’s transfer record by signing Sone Aluko and George Puscas, he made reckless deals and with the club not making decent money from the sale During his six years of work, he lost a huge amount of money..
With revenues likely to be further damaged by relegation, Dai is probably keen to get as much as possible for the club..
What does Aaron Paul say about the group’s interest in Reading FC??
Paul revealed there is a consortium interested in the club, but the current asking price is too high..

He said:
“You also have to believe and hope that Dai Yongge sees the best interests of Reading Football Club in terms of who he sells it to..

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“I know of a foreign corporation that wants to buy the football club.. They approached him [Dai Yongge] – and they said the price was ridiculous..
“And they said ‘Oh, we’ll leave, we’ll buy another club, no problem’..”
Should Dai Yongge expect a huge sum of money for Reading??
Dai has caused a lot damage to the Royal Family and to them, he needed to sell them before it was too late..
He may have pumped a lot of money into the club, but it was his fault, his fault that the club lost so much..
Honestly, he’s one of the worst bosses in EFL history, if not the worst..
Not only did he fail to fulfill his duties, but he also spent too much money, oversaw major failures on the field and did not do enough to interact with fans..

Some of his decisions were also puzzling, such as his reluctance to sack Paul Ince until it was too late, which arguably cost the club the league title..
His decision-making means he must be prepared to cut ties with the club for a small fee.. No one else is as responsible for this mess as he is..